Our partners were in several meetings this weekend, and we came back with one conclusion despite visiting several areas of Tokyo. We saw noticeable increases in international visitor traffic on the streets, in restaurants and bars, and in meetings at some international events. Of course, for various reasons people are visiting Japan – the weaker Yen, the upcoming Olympics and the waves of business travelers who are from various universes, including VC, Crypto & Blockchain as well as anything Tech related.
One embassy staff member pointed out that visitors from his country, to Japan, were surely increasing. We even met some food and wine importers from Latin America, stating that business was great. In short, Japan is hot.
The interest in anything crypto and blockchain is increasing rapidly, regardless of it being measured in the number of inquires of crypto-trading and ICO interest (up by a factor of 3 over 2017), or the number of people flying in from New York, LA, London, Zurich and Tel Aviv, people are flocking to Japan. One institution, the CAA or Consumer Affairs Agency, has shown this increase in interest in crypto-related issues in hard numbers. Also, the FSA or Financial Services Agency also shows, with some concern, that there is a spike in interest from Japanese consumers – again in all things crypto.
With the 3.5 million cryptocurrency investors who are said to be active, and the number of 20 and 30 somethings who are investing a lot of time and energy in this new world of investing, it is clear that a new industry is here and for the next 2 to 5 years, Japan will reassert itself and claim a larger position on the global tech stage.